math question
A company sells 10,000 worth of stock in the 1st year.
The owner's goal is to increase sales by $7,500 each year.
Find the total sales of stock on a 20-year business plan.
June 11, 2014
math question
A company sells 10,000 worth of stock in the 1st year.
The owner's goal is to increase sales by $7,500 each year.
Find the total sales of stock on a 20-year business plan.
8 Comments • Newest first
starting price is 10,000 which is constant for 20 years.
Growth is constant 7500 per year.
At year 1 worth is 10,000, at year 20 worth is 10,000 + 7500*19 = 142,500
Total = 10,000*20 + 7500*19*20/2 = 1,625,000
Assuming that is $10,000 worth of stock in the first year and the business achieves their goal per year, then: $1,625,000 after 20 years.
the amount of years that @xtripled will live for
$152,500? o.o I probably did that totally wrong.
@fradddd: 27?
@RitoPls hey wanna know something even better?
[quote=fradddd]Uhh....24?[/quote]
I also got 24.
Uhh....24?